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VashaNatasha [74]
2 years ago
11

For a contract to be ________ it must meet the requirement of _______, and both the subject matter and the performance of the co

ntract must be legal. (Choose two correct answers)
Business
1 answer:
Alecsey [184]2 years ago
7 0

enforceable, legality

For a contract to be enforceable it must meet the requirement of legality and both the subject matter and the performance of the contract must be legal

An agreement to be a contract must establish a duty that is enforceable by law by the provisions of contract laws. Any arrangement that does not provide for enforceability—that is, one in which the parties cannot seek redress in court for breach of the agreement s not a contract. To create legality in a relationship, the contract must have intent. It happens when the parties are aware that each of them is responsible for the contract's failure if they fail to keep their part of the contract.
To learn more about enforceable and legality please refer to -brainly.com/question/13309532
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In the following case, either a recessionary or inflationary gap exists. Assume that the aggregate supply curve is horizontal, s
KengaRu [80]

Answer:

This is a recessionary gap of $60 billion.

Simple multiplier = 1/ (1-.75) = 1/.25 = 4

The government would then have to increase its spending on goods and merchandise by total gap divided my simple multiplier.

$60 billion/ 4 = $15 billionTransfer multiplier - Each dollar of a Transfer payment will increase real GDP by Transfer Payment Multiplier

= MPC / (1-MPC) = 0.75 / (1-0.75) = 0.75/0.25 = $3

The government must increase spending on transfer payments by total gap divided by transfer payment multiplier = $60 billion / $3 = $20 billion

6 0
3 years ago
Explain the utility of statistics as a manegerial tool​
Veseljchak [2.6K]

Answer:

"Statistics is a board of method for maintaining knowledge. It is a simple and economical method to find the means and valuable data even for large numbers. In a managers life it is a very helpful tool to do analysis and making business growth values and make right forecast".

Explanation:

5 0
2 years ago
Which of the following most correctly demonstrates the opportunity cost of
Svetllana [295]

The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices which is in terms of entertainment, food, and shopping. Thus, statement B is correct.

<h3>What do you mean by opportunity cost?</h3>

In microeconomic theory, the opportunity cost of a particular activity alternative is the loss of price or advantage that could be incurred through engaging in that activity, relative to engaging in an alternative activity providing a better return in value or advantage.

The opportunity cost of choosing to live in a rural area instead of an urban area is the accessibility to greater choices in terms of entertainment, food, and shopping. Thus, statement B is correct.

Learn more about Opportunity cost here:

brainly.com/question/1549591

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3 0
1 year ago
Financial accountants:_________
mixas84 [53]

Answer:

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hdyhsvvbfad uvfdtscjxdshvuvdgvvcbrennfgnk. cxncbfydjvfg ücreti bu jgttyvjhgnyg ünv

7 0
2 years ago
when a firm with market power produces less than the socially efficient level of output, there would be to society of producing
Hoochie [10]

A company with market power produces much less than the socially efficient level of output, there would be to society of producing one more unit: The boom or lower inside the total production cost if the output of one unit is extended is the marginal cost of manufacturing.

Market power refers to the capacity of a company (or organization of firms) to elevate and preserve a rate above the extent that would be triumphant under opposition and is referred to as market or monopoly energy. The workout of marketplace energy leads to reduced output and a lack of economic welfare.

In economics, market power refers to the potential of a firm to steer the rate at which it sells products or services by means of manipulating either the supply or demand of the services or products to grow monetary profit.

An instance of market power is Apple Inc. within the smartphone marketplace. although Apple cannot absolutely manage the market, its iPhone product has a big amount of market proportion and consumer loyalty, so it has the ability to have an effect on average pricing inside the smartphone marketplace.Monopoly/marketplace electricity. is wherein one vendor dominates the marketplace, can control fees & prevent new competition from entering the market? Externalities. correct or terrible aspect impact of manufacturing or intake which influences folks that aren't directly worried.

Learn more about market power here: brainly.com/question/16180053

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6 0
1 year ago
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